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20130101
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Search Results 0 to 14 of about 15 (some duplicates have been removed)
at the white house this afternoon for an 11th hour fiscal cliff faceoff. in just four days paychecks shrink and spending gets slashed if our elected officials can't figure out how to compromise. it will now be in the hands of these six leaders, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and mitch mcconnell representing the republicans. brianna keilar live now from washington. great to see you. house doesn't return to work until sunday. logistically speaking here, is there still enough time to work out a deal? >> i will tell you logistically speaking, logistically speaking, yes. politically speaking, very much unclear, there's a growing amount of pessimism about whether or not that can be done. we've been talking for days about how eyes are on the senate to see what harry reid cobbles together to try to get republican support in the senate and house. he's saying it's hard to see how this can get done by january 1st. so we're seeing a lot of managing of expectations and certainly a lot of p
that maybe we missed in the last hour. europe, europe is even moving on angst about the fiscal cliff or that stuff in japan. i don't know. very close. it's one or the other. let's check out asia. asia is actually up this morning. and then let's check out the oil board. oil is still strong, which makes me -- i don't know which market you look at to decide on whether we get something settled or not, but i think oil is pretty telling that it hasn't cracked at all. the ten-year has been under 1.8 recently. it's -- >> hold on. you think oil traders are smarter than bond traders and -- >> well, bond trade ers have be for years massed by fedex and central bank action. the stock market, these guys main line bernanke's stimulus and they -- you know -- >> the oil guys are -- >> no, i don't think they're the straightest. i just think that you would really -- if you thought the u.s. was going to go into a recession imminently, i don't think oil would save us. do you? >> no. >> let's check out the dollar. maybe the dollar -- that's a big -- you know, foreign currencies, you can learn a lot from.
that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemployment benefits for some 2 million americans, do some small spending cuts now, but not entitlement reform. an ally of the white house and the house of representatives offered this. >> this is not for show. it is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package. a small deal together before the new year. in order to avoid some of the
away from the fiscal cliff to debate this 4 1/2 hours yesterday. >> that's true. harris: so there is that. dan, thanks very much. >> thanks for having me. jon: so as we count down to those year-end tax hikes and spending cuts that will affect the lives of virtually every single american, why one key republican lawmaker says his party is not even trying to solve the fiscal cliff crisis and why he thinks that may be a good thing. interesting take coming up. >>> plus, russian president vladmir putin, have you heard what he did? taking aim at americans who hope to adopt russian children. what's behind this controversial move? a live report next. jon: right now syria's opposition leader is rejecting an invitation for peace talks as the violence escalates. the country's ally, russia, is inviting the leader of syria's opposition to visit moskow for the first time but that offer turned down. some interesting developments here. let's get them from leland vittert live in our mideast bureau. leland? >> reporter: jon, no one really views russia as an honest broker here especially the re
'm harris faulkner in tonight for shepard smith. the impending fiscal cliff that stands to affect the first pay check you get next month unless, of course, lawmakers can find a solution. today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnel
fiscal cliff talks after meeting with president obama. the president said he's modestly optimistic, but he warned, "the hour for immediate action is here..." dock workers on the east coast and gulf coast postponed a potentially crippling strike. and retired army general norman schwarzkopf passed away at the age of 78. he commanded the coalition victory over iraq, in the first gulf war. online, we look back at what 2012 meant for the health care reform law and what lies ahead in 2013. kwame holman tells us more. >> holman: ray suarez talks with jay hancock of kaiser health news about the year in health care and what changes in coverage can be expected next year. that's on our health page. on making sense, liberal economist and columnist paul krugman has a mea culpa moment, admitting to a mistake he made. and our own paul solman admits to a few as well as we come to the end of 2012. and you can look back at some of the most striking and oddest images captured by photojournalists this year. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "new
-line >> warner: again, the major developments of the day: senate leaders announced last- minute fiscal cliff talks after meeting with president obama. the president said he's modestly optimistic, but he warned, "the hour for immediate action is here..." dock workers on the east coast and gulf coast postponed a potentially crippling strike. and retired army general norman schwarzkopf passed away at the age of 78. he commanded the coalition victory over iraq, in the first gulf war. online, we look back at what 2012 meant for the health care reform law and what lies ahead in 2013. kwame holman tells us more. >> holman: ray suarez talks with jay hancock of kaiser health news about the year in health care and what changes in coverage can be expected next year. that's on our health page. on making sense, liberal economist and columnist paul krugman has a mea culpa moment, admitting to a mistake he made. and our own paul solman admits to a few as well as we come to the end of 2012. and you can look back at some of the most striking and oddest images captured by photojournalists this year. all that
to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commer
-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi says she can wrangle all the democratic votes it needs to pass because you would expect a lot of house republicans to vote no, so you need almost all the house democrats to vote yes. if that sounds almost too good to be true, it probably is. >> and then they sing kumbaya. never, ever going to happen. and if it does -- >> reporter: they braid each other's hair. >> you got it. we're more likely to see that. so tell us about the role in this meeting of senator mitch mcconnell. why is he a key role to this? >>
see movement before then. >> now would be a very good time to assess the impact of the fiscal cliff on your 401(k). despite the fact that leaders are meeting this afternoon. the dow, nasdaq, and s & p futures all pointing lower this hour. investigators have no stomach for this high-stakes game of chicken played on capitol hill. look at yesterday's chart for the dow. the index taking a big dive at the open with investors finding little hope for a fiscal cliff come on misz. when word came out that the two sides were meeting, the dow rebounded to positive territory. expect another day like that today. we'll talk with debbie stabenow. >>> he was the most popular american general since world war ii. tributes from around the world are pouring in for stormin norman schwarzkopf. he crushed the iraqi military in the 1999 gulf war and liberated kuwait. he may have been the perfect front man for a war that played out live in your living room. barbara starr live with more. barb rar? >> president obama remembers general is schwarzkopf as an american original. he accomplished something on the bat
Search Results 0 to 14 of about 15 (some duplicates have been removed)